"15 MIL Profit AU X 10 = 150 MIL MC . when we get 7 mil ton well work it out. stop the s..t. MC WILL BE 500 + MIL"
Total ignorance. Gross profit is sales less cost of production. It does not take into account all the other expenses associated with a coy, especially with this mob that includes wages directors fees and consultants, which are large, diminution in value of capex items, and all the other usual costs. With this mob, 15m will quickly become a loss. But I suppose you would want to then multiple that by 10 to come up with a huge negative market cap?
Before you try doing valuations on coys, at least study what PE ratios are applied to. It has never been gross profit.
PE ratio for BHP, a large diversified and reliable business is only about 7 times, so on all fronts, you are either very nieve or trying to ramp. I am not surprised you hold, and believe. Welcome to the CCC casino. $500+m market cap, lol.
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